Housebuilder shares plunge after people urged to delay moves

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Government Covid-19 advice has impact on Persimmon, Barratt, Redrow and more

Shares in housebuilding companies plunged when the market opened on Friday after the government put the brakes on the housing market, telling people to delay their home moves if possible and to stop new viewings.

The government, which announced the new guidance on Thursday night, urged buyers and sellers to put plans on hold until the coronavirus restrictions are no longer in place.

Related: Number of homes sold in UK expected to plunge by 60% in next three months

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Author: Mark Sweney

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